IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-03120-7_5.html
   My bibliography  Save this book chapter

The Management of Working Capital in an International Company

In: International Business Finance

Author

Listed:
  • Douglas Wood

    (Manchester Business School)

  • James Byrne

    (Manchester Business School)

Abstract

The underlying objective of a cash management programme is to ensure that the pattern of cash balance employed by a given company is justifiable in terms of overall profitability. In effect, this simply means that if cash-using activities are charged for the use of that cash at a rate which approximates to the current cost of capital to the company (including exchange cover) and activities which are (or could be) cash-generating are credited at a similar rate for their provision of cash, no greater profitability could be secured by rearranging cash balances.

Suggested Citation

  • Douglas Wood & James Byrne, 1981. "The Management of Working Capital in an International Company," Palgrave Macmillan Books, in: International Business Finance, chapter 5, pages 112-141, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-03120-7_5
    DOI: 10.1007/978-1-349-03120-7_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-03120-7_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.